Nifty Financial Services - A key trap on the weekly chart
Nifty Financial Services has a created a strong weekly demand zone. This zone can act as a potential trap where retail traders and investors will take their exits if the market falls. The Election results in India could lead to this fall and from the weekly demand zone we may expect to see a rally in price
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.